GM - General Motors Company

NYSE - Nasdaq Real Time Price. Currency in USD
25.32
+0.36 (+1.44%)
As of 3:43PM EDT. Market open.
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Previous Close24.96
Open25.62
Bid25.46 x 1100
Ask25.47 x 3200
Day's Range25.08 - 25.85
52 Week Range14.33 - 41.90
Volume17,628,014
Avg. Volume16,715,953
Market Cap36.235B
Beta (5Y Monthly)1.42
PE Ratio (TTM)7.76
EPS (TTM)3.26
Earnings DateJul. 29, 2020
Forward Dividend & YieldN/A (N/A)
Ex-Dividend DateMar. 05, 2020
1y Target Est36.94
  • U.S. Auto Sales Fail to Recover in Q2: More Pain Ahead?
    Zacks

    U.S. Auto Sales Fail to Recover in Q2: More Pain Ahead?

    Moody's forecasts global auto sales decline of at least 20% year over year in 2020, with major impacts to be felt in North America and EMEA.

  • General Motors Clinches $223M Lucrative U.S. Army Contract
    Zacks

    General Motors Clinches $223M Lucrative U.S. Army Contract

    General Motors' (GM) latest contract is for the first batch of 649 such vehicles, while the overall approved requisition objective is for 2,065 vehicles over the next decade.

  • Linamar Corporation Recognized by General Motors as 2019 Overdrive Award Winner and 2019 Supplier of the Year
    CNW Group

    Linamar Corporation Recognized by General Motors as 2019 Overdrive Award Winner and 2019 Supplier of the Year

    GUELPH, ON, July 1, 2020 /CNW/ - Linamar Corporation (TSX:LNR.TO - News) was named GM Overdrive Award Winner during a virtual ceremony honoring the recipients of the company's 28th annual Supplier of the Year awards on Wednesday, June 24, 2020. GM's Overdrive Award, introduced in 2012, recognizes supplier partners for extraordinary leadership in cultural change and commitment initiatives that drove exceptional business results for GM. Linamar Corporation was named one of four 2019 Overdrive Award winners.

  • Automakers Laud Resilience of U.S. Consumers Buoying Sales
    Bloomberg

    Automakers Laud Resilience of U.S. Consumers Buoying Sales

    (Bloomberg) -- General Motors Co. and Fiat Chrysler Automobiles NV heaped praise on U.S. consumers after their quarterly sales held up better than analysts expected and left dealerships with lean vehicle inventory.Deliveries dropped 34% for GM and 39% for Fiat Chrysler, both better than projected. Although Toyota Motor Corp. narrowly missed estimates, its decline tempered toward the end of the quarter, with June sales falling 27%.“This quarter demonstrated the resilience of the U.S. consumer,” Jeff Kommor, head of U.S. sales for Fiat Chrysler, said in a statement. “Retail sales have been rebounding since April as the reopening of the economy, steady gas prices and access to low interest loans spur people to buy.”Automakers are overcoming a decimation of demand from rental-car companies that have sworn off purchases in the wake of the coronavirus outbreak that has hammered the travel industry. Retail sales actually jumped the last two months for Hyundai Motor Co. in an extreme example of how quickly consumers are returning to showrooms.“We’ve learned a great deal in the past 90 days,” said Randy Parker, U.S. sales chief for Hyundai, which in March reinstated a job-loss assurance incentive program. “It has given us the confidence to fight our way through the pandemic.”Hyundai is making as much as six months of payments for customers who buy or lease through its finance unit and lose their job. Ford Motor Co. has started a similar program, covering up to $15,000 of vehicle owners’ remaining balance if they need to return their car or truck.Uncertain OutlookGM is beginning the second half of the year with tight inventory of pickups. Supplies were depleted by a 40-day labor strike in the second half of last year, and the automaker has run low again the last few months due to factory shutdowns related to Covid-19 containment measures.The largest automaker by U.S. sales has raced to get production lines back to pre-virus levels even as it cautions there could be fresh setbacks ahead.“We expect continued sales recovery as businesses ramp back up, but recognize that the path forward may not be linear,” Elaine Buckberg, GM’s chief economist, said in a statement. “Rising infections in many states may lead to steps backward in the reopening process.”GM shares dipped 1% as of 2 p.m. Wednesday in New York trading, while Fiat Chrysler was down 3.8%. Ford will publicly release sales results on Thursday.(Updates with Hyundai executive’s comment in the fifth paragraph.)For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.

  • Reuters

    UAW leader, U.S. prosecutor discuss independent oversight for union

    The United Auto Workers' president met on Tuesday with the U.S. prosecutor heading a federal investigation into corruption at the union, and the two said they discussed reforms including possible independent oversight of future labor agreements. In a joint statement, union chief Rory Gamble and Matthew Schneider, the U.S. attorney for the Eastern District of Michigan, said they discussed the "concept of an independent monitor... to reduce the possibility of a reoccurrence of corruption." Earlier this month, Schneider said the UAW still has much to do to reform itself and that a federal takeover of the union remains an option.

  • What's behind Tesla's big beat on Q2 deliveries
    Yahoo Finance Video

    What's behind Tesla's big beat on Q2 deliveries

    Tesla shares surged after the automaker delivered roughly 90,650 vehicles to customers in the second quarter, exceeding expectations. Yahoo Finance’s On The Move panel discusses.

  • GlobeNewswire

    Gentex Recognized by General Motors as a 2019 Supplier of the Year Winner

    Gentex Corporation (NASDAQ:GNTX) was named a GM Supplier of the Year by General Motors during a virtual ceremony honoring the recipients of the company’s 28th annual Supplier of the Year awards on Wednesday, June 24, 2020. During the event, GM recognized 116 of its best suppliers from 15 countries that have consistently exceeded GM’s expectations, created outstanding value or introduced innovations to the company. The awards ceremony was originally scheduled as a live-event to be held in March but was postponed due to the impact of the COVID-19 pandemic.

  • Reuters

    GM should repay $60 million in state tax credits -- Ohio AG

    Ohio Attorney General Dave Yost said Tuesday that General Motors Co should repay $60 million in state tax credits after it closed its Lordstown Assembly plant in March 2019. In a brief to the Ohio Tax Credit Authority, Yost said GM in 2009 agreed to maintain operations at its northeast Ohio plant through 2028 and retain 3,700 jobs through 2040 in exchange for the credits. "We demand the money that is rightfully owed to Ohio – no more, no less," Yost said in a statement.

  • Bloomberg

    UAW Asks GM to Shut Down Texas SUV Plant as Covid Cases Soar

    (Bloomberg) -- The United Auto Workers union local in Arlington, Texas, has asked General Motors Co. to temporarily close its large-SUV plant in the city for the safety of its workers as cases of Covid-19 rise rapidly in the state.“Due to the most recent data on the Covid-19 outbreak, the Bargaining Committee has asked General Motors to shut down Arlington Assembly until the curve is flattened for the benefit and well-being of our members,” UAW Local 276 said on its website. “Every day we are setting new records in the number of people who are testing positive in the Dallas-Fort Worth area.”Confirmed Covid-19 cases in Texas have been rising by more than 5,000 a day in recent weeks, and the Lone Star State reported 4,288 new cases yesterday, according to the Texas Department of State Health Services. Cases in Tarrant County, where the plant is located, increased by 393.Read more: Texas’s Positive-Test Rate Soars to Record 14.31%: State DataThere could be a standoff over closing the GM plant. The union is worried about worker safety, but shutting down Arlington would be a hit for GM. The plant is running on three shifts building the company’s very profitable Chevrolet Tahoe, GMC Yukon and Cadillac Escalade large sport-utility vehicles.“We’re aware of the request and haven’t made changes to our production plans because we have protocols designed to keep the virus out of the facility and have multiple layers of protection in the plant to prevent a spread of the virus,” said company spokesman Jim Cain. “There’s no need to interrupt production.”GM restarted operations at its U.S. plants the week of May 18 as cases in the upper Midwest subsided. Arlington resumed production on May 25 and is getting ready to make all-new versions of its SUVs later this year.For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.

  • Slumping fleet sales weigh on U.S. auto market
    Reuters

    Slumping fleet sales weigh on U.S. auto market

    Weak fleet orders are expected to hurt June sales, which automakers will report on Wednesday. Cox Automotive forecasts fleet sales will fall nearly 56% to 1.3 million vehicles after plunging 83% in May and 77% in April. In the short term, fleet sales are not a major concern for automakers focused on ramping up production to beef up anaemic dealer inventories for higher-profit sales to consumers.

  • Reuters

    House Democrats lay out new roadmap for cutting U.S. greenhouse gas emissions

    House Democrats on Tuesday will unveil a plan to cut nearly 90% of U.S. greenhouse gas emissions by 2050, including mandating sales of zero-emission cars by 2035 and decarbonizing the power grid by 2040. The policy recommendations are intended as a blueprint for lawmakers to fight climate change should Democrats win control of Congress in the November election. It calls for raising the 200,000 vehicle individual manufacturer cap and new incentives to help consumers buy used electric vehicles.

  • Facebook Sales at Risk as Starbucks Bails, GM Plans Review
    Bloomberg

    Facebook Sales at Risk as Starbucks Bails, GM Plans Review

    (Bloomberg) -- Facebook Inc. fielded criticism from a growing number of consumer companies over harmful content on its sites, with Starbucks Corp. and Diageo Plc pulling back on ad spending and General Motors Co. planning to review its social media marketing strategy.Starbucks and Diageo followed Unilever, Coca-Cola Co. and several other companies in saying they will cut ad spending, part of an exodus aimed at pushing Facebook and its peers to limit hate speech and posts that divide and misinform. Microsoft Corp., which was Facebook’s third-largest advertiser last year, has paused global ad spending on the site because of concerns about ads appearing next to inappropriate content, according to a person familiar with the matter. The list of companies taking similar action lengthened on Monday. Britvic Plc, which supplies a wide range of soft drinks, Patreon Inc. and The Clorox Co. all said they will stop advertising on Facebook while GM said it’s “reviewing and reinforcing” its marketing guidelines.Read more: How to Go Cold Turkey on $77 Billion of Facebook Ads: Alex WebbWhile a single advertiser can do little to hurt a company that generated $17.7 billion in revenue last quarter, the rising tally creates peer pressure on other brands, and civil rights groups say they expect more corporations to join a boycott. Combined with a pandemic-fueled economic slowdown, the threat to Facebook is deepening.“Given the amount of noise this is drawing, this will have significant impact to Facebook’s business,” Wedbush Securities analyst Bradley Gastwirth wrote in a research note. “Facebook needs to address this issue quickly and effectively in order to stop advertising exits from potentially spiraling out of control.”Shares gained 2.1% Monday to close at $220.64 in New York, after dropping 8.3% on Friday. Unilever, one of the world’s largest advertisers, said it would cease spending on Facebook properties this year, eliminating $56 billion in market value and shaving the net worth of Chief Executive Officer Mark Zuckerberg by more than $7 billion.Facebook was already bracing for weakness in the second quarter, which ends this week. Chief Financial Officer Dave Wehner said in an April earnings call that he saw the “potential for an even more severe advertising industry contraction.”The number of coronavirus cases has surged in the intervening months, prompting many parts of the country to slow or roll back reopening efforts and giving advertisers added justification to rein in spending. Facebook’s sales will rise 1% in the June period, followed by a 7% increase in the third quarter, analysts predict, by far the smallest quarterly growth increases since the company went public.Advertiser boycotts in July could cost Facebook more than $250 million in the third quarter if 25% of its top 100 buyers pause spending, and as much as $500 million if 50% of the top advertisers stop, according to Bloomberg Intelligence analyst Jitendra Waral.Zuckerberg announced changes Friday designed to appease critics, but the Anti-Defamation League, one of the groups calling for the boycott, called the amendments “small.”Some analysts have said the financial impact of recent exits will be limited, citing past advertiser revolts. Even so, this exodus is distinct in key ways, Bernstein Securities analyst Mark Shmulik wrote in a research note Saturday. There’s heightened pressure to publicly demonstrate that brands stand with civil-rights groups, he said.“The current environment is very different,” Shmulik wrote. “It is very visible who is and isn’t participating in the boycott where brand silence [equals] being complicit.”(Updates to add Microsoft withdrawl in second paragraph.)For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.

  • GM-Fiat Chrysler CEO Summit on Bribery Lawsuit Put on Hold
    Bloomberg

    GM-Fiat Chrysler CEO Summit on Bribery Lawsuit Put on Hold

    (Bloomberg) -- A meeting between the chief executives of General Motors Co. and Fiat Chrysler Automobiles NV was put on hold after a federal appeals court blocked a judge’s order requiring them to confer face-to-face to resolve a lawsuit.U.S. District Judge Paul Borman in Detroit last week told GM’s Mary Barra and Fiat Chrysler’s Mike Manley to talk in person by July 1 to try to resolve the lawsuit over bribes paid to union officials, which he called a “waste of time and resources” during the coronavirus pandemic. He scheduled a videoconference with the two CEOs for that day to get an update on the talks.GM asked the U.S. Court of Appeals in Cincinnati to overturn Borman’s ruling and reassign the case to another judge. The court on Monday put a temporary hold on his order while it considers GM’s petition. GM said in a statement that it looked forward to the court’s review.Fiat Chrysler said in a filing after the ruling that courts have the authority to direct parties to engage in settlement talks and regularly do so.Read More: GM Rejects Judge’s Notion Fiat Lawsuit as a ‘Waste of Time’In addition, it said, while GM may be unhappy about questions Borman asked during arguments before his ruling, that doesn’t warrant his removal from the case. Fiat Chrysler noted that GM had asked to have the judge assigned in the first place, given his experience with the criminal cases that gave rise to its suit.“As we have said from the date this lawsuit was filed, it is meritless and FCA will continue to defend itself vigorously and pursue all available remedies,” the company said in a statement.Nine union and Fiat Chrysler leaders were jailed as a result of a federal corruption probe. In the suit, GM claims its rival got better contracts than competing automakers by bribing union officials. The added labor expenses increased GM’s costs by billions of dollars, the company claims.GM also alleges that the bribes pushed union officials to go along with a proposed merger between the two automakers that former Fiat Chrysler CEO Sergio Marchionne wanted but GM rejected. Fiat Chrysler Chairman John Elkann has publicly denied the allegations.(Updates with Fiat Chrysler filing and comment)For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.

  • Reuters

    Automakers rev up discounts to beat coronavirus sales blues

    In the midst of a raging pandemic, Belal Bilto, 26, a sales executive and a Manhattan resident bought a midsize pickup Jeep Gladiator this month for just over $48,000, lured by a discount of about $5,000 on the list price and a seven-year, no-interest loan. U.S. automakers are scheduled to report June and second-quarter car and light truck sales on Wednesday. The second-quarter numbers reflect a peak for the U.S. auto industry's efforts to use consumer discounts, low interest loans and other incentives to prop up demand during the pandemic.

  • U.S. appeals court stays order requiring GM, FCA meet to resolve GM lawsuit
    Reuters

    U.S. appeals court stays order requiring GM, FCA meet to resolve GM lawsuit

    A U.S. appeals court on Monday stayed a lower court's order requiring officials from General Motors Co <GM.N> and Fiat Chrysler Automobiles <FCHA.MI><FCAU.N> to resolve GM's racketeering lawsuit. "In order to provide sufficient time to consider the matters raised in GM’s petition, and having considered the relevant factors, we conclude that a temporary stay is appropriate," the Sixth Circuit Court of Appeals said in a court filing. GM said in a statement that it looked forward to the appeals court's review and decision.

  • Ten Years After IPO, a Look Back at Tesla’s Extraordinary Decade
    Bloomberg

    Ten Years After IPO, a Look Back at Tesla’s Extraordinary Decade

    (Bloomberg) -- Tesla Inc. has grown from Silicon Valley gadfly to the world’s second-largest automaker by market capitalization in the decade since its initial public offering. It’s been a roller-coaster ride for the electric-car maker’s shareholders, who have experienced dizzying swoons on the way to record highs thanks in part to self-inflicted crises.“There’s always a lot of drama with Tesla, but they have spurred the auto industry on to embrace electrification as key to the future of mobility,” said Tony Posawatz, the former leader of General Motors Co.’s Volt plug-in hybrid program, ex-CEO of Fisker and current director at Lucid Motors Inc. “Whether they are profitable or not, they have impacted the luxury auto market forever more.”On June 29, 2010, Tesla made its debut as a public company -- the first initial public offering of a domestic automaker in a half century. The IPO price was $17 a share. Chief Executive Officer Elon Musk rang the Nasdaq opening bell, and the company’s lone electric car, the $109,000 Roadster, was on display in Times Square.A decade later, Tesla’s stock is trading at $959.74 a share, the company has grown to about 48,000 employees and its influence on the global auto industry is unprecedented. Despite plenty of doubters and some near-death experiences, Tesla’s $178 billion market valuation is second only to Toyota Motor Corp. among all carmakers.Tesla no longer makes the Roadster, but it sells four other models in markets around the world. Besides design, one of the company’s biggest advantage lies with its batteries: A version of the flagship Model S now boasts a range of more than 400 miles. No other electric car comes close.“Their products create a lot of enthusiasm among customers,” Posawatz said.As Wall Street waits for the company to report second-quarter production and delivery figures later this week, here are 10 key moments that shaped Tesla’s extraordinary decade.1) Government LifelineIn January 2010, the U.S. Energy Department awarded Tesla a $465 million loan as part of the Advanced Technology Vehicle Manufacturing Program that President George W. Bush signed into law two years earlier. The funding came at a critical time, with the nation was still clawing its way out of the Great Recession. In May 2013, Tesla paid off the entire loan with interest. The DOE program has now become a model of clean-energy stimulus spending.2) Fremont FactoryIn May 2010, Tesla stunned the world when it announced it was buying a shuttered auto plant formerly run by Toyota and General Motors Co. in Fremont, California, and Toyota was investing $50 million in the startup. The surprise deal was unveiled by Musk and Akio Toyoda, Toyota’s president, who flew in from Japan for the announcement. The Fremont plant still produces the bulk of Tesla’s cars, but the company now has a second car-assembly plant near Shanghai and is building a third close to Berlin.3) Car of the YearIn December 2012, Motor Trend named the Model S its 2013 Car of the Year. It was the first winner in the 64-year history of the award not powered by an internal-combustion engine. The nod showed established automakers that battery-powered cars could be more than just nerdy science projects and gave the Tesla brand a huge boost.4) The “Gigafactory”In September 2014, Tesla announced it had chosen Nevada as the site for the automaker’s first battery-production “gigafactory,” with Panasonic Corp. as its partner. The news capped fierce battle among states hoping to land the economic-development project. The plant demonstrated Tesla’s drive to vertically integrate its supply chain all the way down to the battery-cell level. Tesla is now making moves to establish its own cell-manufacturing operation in Fremont, and investors are eager to hear more at a “Battery Day” event in September.5) Musk’s iPhone MomentWhen Tesla unveiled the Model 3 sedan in March 2016, customers lined up in a way the world had grown accustomed to seeing consumers queue up for iPhones. The promise of a $35,000 mass-market car barely materialized -- the average transaction price is closer to $50,000 -- but the Model 3 managed to rival mainstream sedans on sales charts. The company is now trying to tap into a growing segment of the market with the Model Y crossover.6) Autopilot ScrutinyOn May 7, 2016, a devoted Tesla customer and former Navy SEAL, Joshua Brown, died when his Tesla Model S collided with a tractor-trailer in Florida. Tesla’s driver-assistance system Autopilot was engaged at the time, and the death was the first known fatality involving the technology. U.S. regulators investigated but found no defect. Autopilot continues to come under scrutiny, and several other fatalities in the U.S. have been linked to the system.Read more: Tesla Can’t Perfect Autopilot Without a Few Deadly Crashes7) Solar SiblingIn June 2016, Tesla announced it was making an offer to buy SolarCity, a solar-panel installer Musk founded with his cousins. The conflicts of interest were stark: Musk was SolarCity’s largest shareholder and the chairman of its board. SolarCity was struggling financially and Tesla had just unveiled the Model 3, but Musk pitched the acquisition as a “no brainer” and announced a new tiled-roof product to sell investors on the acquisition. The rollout of the Tesla-branded roof has been slow, and the deal itself continues to be contested, with a lawsuit by Tesla shareholders slated to begin next month in Delaware Chancery Court.8) “Funding Secured”As foreshadowed by Musk’s prediction the previous fall that Tesla would find itself in “production hell,” 2018 was a crazy year. Tesla struggled to mass-manufacture the Model 3 and built an assembly line under a massive outdoor tent to boost output. Scores of executives left. In July, Musk called a British cave diver a “pedo guy” on Twitter, triggering a defamation lawsuit. The following month, Musk shocked investors and his own executives when he tweeted about taking Tesla private at $420 a share and said he had “funding secured.” Three weeks later, in a late Friday night blog post, Musk backtracked and said Tesla would remain public. A month later, the U.S. Securities and Exchange Commission sued Musk for securities fraud. The settlement stripped Musk of the chairman role for three years -- meaning that Musk could become chair again in late 2021.9) Shanghai ShowingTesla scored a major win in the midst of all the 2018 drama by becoming the first American automaker to be allowed to build a manufacturing plant in China without a local joint-venture partner. Tesla’s factory near Shanghai started delivery of its first vehicles on Jan. 7, one year after breaking ground. China is the world’s largest auto market and a huge part of Tesla’s future growth plans.10) Cybertruck SmashIn November, Musk unveiled the futuristic Cybertruck, an angular pickup shaped far differently than a Ford F-150. The real show stopper was when Franz von Holzhausen, Tesla’s long-time design chief, smashed two of the truck’s ostensibly shatterproof windows with a metallic ball. The botched demo generated an enormous amount of buzz. Tesla wants to build a plant for the Cybertruck in the U.S., and sites in Texas and Oklahoma are the two finalists.For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.

  • GM seeks U.S. appeals court ruling to continue legal fight with Fiat Chrysler
    Reuters

    GM seeks U.S. appeals court ruling to continue legal fight with Fiat Chrysler

    General Motors Co <GM.N> on Friday asked a U.S. appeals court to allow it to continue pursuing its civil racketeering suit against rival Fiat Chrysler Automobiles NV <FCAU.N> <FCHA.MI>, rejecting a lower court judge's belittling of the complaint. The automaker's filing with the Sixth Circuit Court of Appeals comes less than a week after U.S. District Court Judge Paul Borman called GM's suit against Fiat Chrysler a "waste of time and resources" at a time when both automakers should be focused on surviving the coronavirus pandemic. Borman ordered GM Chief Executive Mary Barra and Fiat Chrysler CEO Mike Manley to meet by July 1 to negotiate a resolution.

  • Reuters

    Ford, other automakers will stay neutral on challenges to Trump vehicle emissions rule -document

    Four major automakers will not take a position on legal challenges to the Trump administration's decision in March to dramatically weaken Obama-era fuel economy standards but want to weigh in on any court fix, according to a document seen by Reuters. The Trump administration in March finalized rollback of U.S. vehicle emissions standards to require 1.5% annual increases in efficiency through 2026. Ford Motor Co, Volkswagen AG, Honda Motor Co and BMW AG struck a voluntary agreement with California in July 2019 on vehicle emissions rules.

  • Reuters

    U.S. auto sales expected to continue their recovery in June - J.D. Power, LMC Automotive

    U.S. auto sales are expected to continue their recovery in June following a collapse in April, as coronavirus-led lockdown restrictions ease and buyers slowly return to the market, industry consultants J.D. Power and LMC Automotive said. The consultancies estimate total U.S. vehicle sales to fall about 25% to about 1.09 million units in June, slowing from an over 40% plunge in April and a 29% decline in May. "The industry continues to show signs of recovery in June," the consultancies said in a statement on Friday.

  • 2020 J.D. Power Quality Scorecard Out: Who Wins, Who Loses?
    Zacks

    2020 J.D. Power Quality Scorecard Out: Who Wins, Who Loses?

    While Dodge and Kia hold the top positions in the influential 2020 J.D. Power Quality Survey, Tesla takes the last spot.

  • Ford COO: New F-150 pickup truck essential to carmaker's future
    Yahoo Finance

    Ford COO: New F-150 pickup truck essential to carmaker's future

    Ford looks for a U-turn in its financials with the introduction of the newly redesigned F-150.

  • GlobeNewswire

    Gentherm Recognized by General Motors as a 2019 Supplier of the Year Winner

    During the event, GM recognized 116 of its best suppliers from 15 countries that have consistently exceeded GM’s expectations, created outstanding value or introduced innovations to the company. The awards ceremony was originally scheduled as a live-event to be held in March but was postponed due to the impact of the COVID-19 pandemic. This is the first time Gentherm has received the award.

  • Ford F-150: America’s favorite pickup gets much-needed updates to take on the Ram 1500
    Yahoo Finance

    Ford F-150: America’s favorite pickup gets much-needed updates to take on the Ram 1500

    The automaker unveiled the all new version of America’s top selling vehicle at an online event on Thursday night, claiming the new all F-150 is targeting the most “towing, payload, torque and horsepower of any light-duty full-size pickup,” all the while providing a completely new interior and technology package, updated exterior styling, and productivity tools like an integrated power generator, and tailgate that doubles as a workbench.